Connect with us

BNM Writers

The Economic Tune is Changing

Media and talk personalities are sounding the alarm bells, as Joe Biden and his globally-focused team of economists are set to take the reigns of power next week.

Rick Schultz

Published

on

Photo by Gage Skidmore CC BY-SA 2.0.

The sweet music of a strong economic era could very well be coming to an end, with Americans from coast to coast anticipating a slowing, if not complete cessation, of the nation’s economic renaissance. 

Media and talk personalities are sounding the alarm bells, as Joe Biden and his globally-focused team of economists are set to take the reigns of power next week.

On a recent episode of The Rich Dad Radio Show, host Robert Kiyosaki opened with a warning. Joe Biden has announced he will nominate Janet Yellen as his Secretary of the Treasury. From 2014-2018, she was the chair of the Federal Reserve. A student of economic history, Kiyosaki is both amused and alarmed at the news.

“We’ve just gone centralized, we’ve gone communist,” Kiyosaki said, during his episode titled Your Taxes in 2021. “She was head of the Fed, and the centralized bank called the Fed is supposed to be separate from the Treasury. If you understand that, they should not be together.”

In a November 30th article on FoxBusiness.com, Grover Norquist opined that economic hardship is quickly headed to the kitchen table of American families.

“Personal income taxes will increase, your 401k will drop in value as the Biden administration and Yellen increase the corporate tax on the corporate stocks in your 401k, and your cost of gasoline and energy will increase,” Norquist, the President of Americans for Tax Reform predicted. 

Norquist noted that the liberal Yellen will “gladly carry out Biden’s tax-hike plans,” starting with the elimination of the Trump tax cuts, which put more money in the pockets of the American middle class. 

“Such a repeal would impose a $2,000 annual tax hike on a median-income family of four and a $1,300 tax hike on a median income single parent with one child,” Norquist said.

Kiyosaki, for his part, has mostly sidestepped the expected siege of Americans’ rights to free speech, religious liberty and the right to bear arms. His radio program’s focus has always been “the good news and bad news about money.” During the episode, tax advisor Tom Wheelwright summed up his expectations of the next few years.

“The Democrats have this magic money theory, I’m sorry, modern money theory, that’s the Fed,” Wheelwright said. “They think they can just print money and everything’s going to be fine, and then you tax people and enact your social policies. Taxes have become social policy more than they’ve become even raising revenue, under that theory.”  

After experiencing the past few years of record-low unemployment and unprecedented levels of economic prosperity for virtually all socioeconomic groups, Americans are now preparing for a reversal, expecting a tsunami of new taxes and regulations aimed at the hard-working middle class. They remember keenly the economic malaise the last time Biden’s party controlled the White House.  

Bill O’Reilly thinks this will have a drastic and personal effect on American voters, as they see their economic gains of recent years wiped out by a looming leftward shift in economic policy.

“The economy is the first thing they’re going to try to do,” O’Reilly told Glenn Beck on his radio show last week. “The first thing that Biden and his crew want to do is raise taxes. Now that’s not going to help the economy, everyone knows that.” 

Longer-term, O’Reilly thinks the result of the approaching economic policies will most likely be a slowing down by businesses, along with economic contraction. 

“I don’t hope for that,” O’Reilly added. “But if that happens, in 2022 there’s going to be an enormous backlash against the Democrats. “There are 32 Senate seats up in ‘22, and the Republicans could well take both houses if there is an economic contraction.”

For his part, Kiyosaki has long-believed that as the United States economy falters, there will be opportunity and safety in precious metals, such as gold and silver, as well as in cryptocurrencies like Bitcoin. His criticism of money printing has spanned decades and administrations of both parties. 

While America braces for its economic fate, all ears are on these and other voices, as they try to predict the country’s financial future. 

In their assessment, the music is about to end.

Subscribe To The BNM Rundown

The Top 8 News Media Stories of the Day, sent directly to your inbox every afternoon!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BNM Writers

What Chris Licht Got Right, and Wrong, During His CNN Tenure

Chris Licht faced an impossible mission of improving ratings without Donald Trump and with a staff he alienated.

Published

on

The departure of Chris Licht from CNN was abrupt but expected after a string of missteps. His criticism of his predecessor Jeff Zucker spilled into criticisms of the network’s coverage of Donald Trump and the Covid pandemic, which undercut his staff. Journalists who stood up to conspiracy theories and election falsehoods from the very top felt betrayed.

I’ve known Chris for 30 years, when he served as an associate producer at a KNBC/CNBC for a daily half-hour program centered on the O.J. Simpson trial. Later, we were colleagues at NBC and kept in touch while he was at CBS and I was at ABC. He is whip-smart, congenial, worked well with big talents like Joe Scarborough, Charlie Rose, and Gayle King, and, until now, had a stellar track record.

And in his latest and biggest post — despite being put in an impossible position — did some things right, which I will highlight in a moment.

But first that impossible position. His new bosses at Warner Bros. Discovery wanted a restructuring and high ratings. They insisted on less calling out of misinformation and more “both sidesism”. So Licht had to derail the CNN train and then try to lift it back on the ratings track. No small job. Especially in a news climate that is in decline.

All the cable networks — who depended upon Donald Trump’s unpredictable, often treasonous and dangerous style — have suffered ratings decline. Fox numbers are down and so is MSNBC. The viewing public no longer has to tune in every minute of the day to see what the President is going to do or say. Life has largely returned to normal for most people.

So CNN, which could once depend upon airing and then fact-checking Trump’s latest absurdity, had to find new content.

Licht’s decision to emphasize down-the-middle news gathering seemed like a solid response to life without a bombastic — some say irrational — President.

Just cover the news, at which CNN is great. It’s the first place to turn during a mass shooting, a war, or natural disaster. But those are inconsistent events and cannot be depended upon for steady ratings. That’s the environment Licht stepped into.

He reacted with some good moves. His midday CNN News Central program, 3 hours of straight news, positions itself well to cover breaking news. It’s followed by Jake Tapper and Wolf Blitzer, also emphasizing news coverage.

However, unfortunately, the list of mistakes is a lot longer. Starting with Don Lemon. His “whole thing” in primetime was to be provocative and with a strong progressive bent. Licht attempted to turn Lemon into what he is not, an easy-to-watch, not opinionated host in the morning. A broadcast that was supposed to keynote the Licht agenda blew up in months. Lemon had an opinion on everything and could not get along with his co-hosts, which in morning TV is critical. The all-important chemistry was not there.

His meeting with Republican politicians on Capitol Hill to invite them back to CNN sent a message that they would no longer be challenged for disinformation. And Licht balanced the commentary panels on CNN with GOP election deniers who shouted over questions they could not answer, in turn sticking to talking points. A move that did little to attract viewers from Fox, and instead drove away legacy CNN viewers accustomed to progressive analysis and Republicans who respected opposite opinions.

Next, his attempt to normalize Donald Trump with a CNN Town Hall, somehow expecting the old rules of decorum would work became a disaster. Trump has to be covered. 30% of the electorate supports him, as do nearly 50% of Republicans. But a live Trump supporter audience overwhelmed Kaitlan Collins who was drenched by a firehouse of lies and deception.

And finally, there was Licht’s decision to make his criticisms of staff and their former coverage public in The Atlantic. A profile that made his gym trainer appear to be his top adviser.

To sum up: Chris Licht faced an impossible mission of improving ratings without Donald Trump and with a staff he alienated.

It was an opportunity wasted and a good man self-defeated.

Subscribe To The BNM Rundown

The Top 8 News Media Stories of the Day, sent directly to your inbox every afternoon!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Continue Reading

BNM Writers

6 Tips For Dealing With Publicists

I’ll give you my rules for the people slinging guest pitches.

Avatar photo

Published

on

Especially for morning drive shows using the news wheel, ‘newsmaker’ guests are a part of the format. Beware of publicists that may be stealing bread from your station’s mouth. I’ll give you my rules for the people slinging guest pitches.

No Local Pitches From Publicists

We are often told to keep it local. I generally agree with that statement, but working with a local publicist is a bad idea. Publicists usually get paid for any appearance. If this is a local business, you are stealing money from your station’s bottom line. Why isn’t the guest purchasing advertising from the station? 

Depending on the market, the publicist may be making enough money that would be better used on a spot campaign on your station. I programmed a station with the news wheel with “newsmaker” guests every half hour. A local doctor was talking about the ‘innovative’ procedure his office provides. Post-show, I called in the morning show host and producer. I asked if they stole from the company. These guys said, “No!” 

Then I explained that the doctor was just given 12 minutes of free advertising. The publicist got paid and the station got nothing. I also explained that that the host could have made money with endorsement spots. Now, that was never going to happen. I suggested that the host speak with sales about this amazing doctor. Of course, the doctor never met with the account executive. Lesson learned.

You Are Enriching Them, So Make Them Work for Their Dough

You booked a guest from a publicist. Make them work for the money. Have them provide all the information that you need. A picture of the guest for social media. The interview is on your time, not theirs. 

I had a publicist ask if I could pre-record their amazing guest at 4 in the afternoon, I said no. I only do guests live except in extraordinary circumstances. Occasionally, I’ll do a hit with one of the weekend syndicated hosts on my station. He does a local show at the same time that I am on the air.  So, that is fine. I would pre-record Donald Trump and Joe Biden, but almost no one else. 

It’s Your Show. Ask the Guest Your Questions. 

If a publicist provides a list of suggested talking points, shred them. Do not do the interview for the guest or publicist, do it for your audience. Ask the questions that are focused on your listener. 

The guest is getting free air time and the publicist is getting paid. If the guest and booker don’t like that? Who cares. I don’t do my show for them. I also never tell any guest about the questions that I could be asking. If there is a news story that is related to the guest, I am asking about that first. Being topical is your job.

The Emails Often Look Like the Endcap at Walmart

Here is what I mean: Publicist offers someone very cool. You contact them.  The guest that the publicist offered is unavailable or ‘already’ booked at the time you need. So, the publicist highlights other potential guests that are not that appealing. 

Just like the endcap at Walmart, the email looks appealing. Unfortunately, it is only to get you to open the email. 

I received an email offering a really top guest that would be perfect for my show. I called the publicist and she told me that her guest was open at my time. Awesome. I thought that I had a good score. 

I booked 3 days ahead and the publicist let me know that the guest was unavailable the afternoon before the interview. Since the guest was never confirmed, I didn’t promote it. 

When to Cut Ties With a Publicist 

If the guest slinger only provides people who are only wanting to sell stuff on your show? Move along. Obviously, all guests need to plug their stuff. We all know this. 

About a decade ago, New York Mets pitcher Matt Harvey was booked on The Dan Patrick Show. Part of the reason was he was going to plug Qualcomm. Well, Matt Harvey didn’t want to speak about anything but Qualcomm. It was a sales pitch and nothing else. 

Publicists should have their clients prepped so that they are booked to talk about their expertise and will get a chance to plug their book or service. 

How to Get Guests Off the Talking Points

In the ’90s, I produced The Barbara Carlson Show in Minneapolis. The great actor Karl Malden was booked to promote the Oscars. 

Let’s say that Karl was not in the mood to discuss anything but the Oscars. So, Barbara wasn’t going to let Karl get away with it. She buttered him up, telling Karl that he had a sexy nose.  Then Barbara asked Karl if he had snorted cocaine at those amazing Hollywood Parties. 

80-year-old Karl lost his cool. She got him off the talking points. It became an interesting interview. 

The publicist was really mad about this. It was really good radio. It’s always about good radio and not pleasing some guest that is a one-time hit. Please the audience. Make memorable radio.

We all use publicists.  Realize that you are their meal ticket.  I am always surprised that I don’t at least get a holiday card from the publicists that I use on a regular basis.  Don’t be naïve about these people.  Hey, we all must make a living.  They are a tool for you to use as you please. 

Subscribe To The BNM Rundown

The Top 8 News Media Stories of the Day, sent directly to your inbox every afternoon!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Continue Reading

BNM Writers

Samantha Rivera Is What Every Live Reporter Should Strive For

Bill Zito

Published

on

Moxie. It’s a great word and it is not used enough these days. Maybe it’s not applied enough because not enough people have it, or not enough people show it. Samantha Rivera has moxie.

That is no patronizing remark, it is an unquestionable fact if you ask me, so do not even go there.

Samantha Rivera is a sports reporter for CBS News Miami, but she hit the jackpot in Las Vegas during a live shot at game two of the Stanley Cup Final.

What did she do you ask?

She did her job, with a flourish, strength, and without even breaking eye contact with the camera.

It’s the age-old story; a jersey-wearing nitwit sees the camera, the mic flag, and decides to bust in on the live shot.

Samantha Rivera’s live shot. And as we all have seen by now; she was not having it.

I am no play-by-play champion, so I recommend watching for yourself if you haven’t already. In this instance, watching an act of capability and composure takes extraordinarily little time.

Look, I still like sports and I still understand the motivation some fans have when they’re at a game or at a bar or even on the street outside the arena.

And as one of the inaugural season ticket holders for the Florida Panthers, a former South Floridian, and a guy who shares a first and a last name with the Panthers GM (I came along first, I checked), it’s not like I wasn’t keeping tabs on the game anyway.

But back to the fans, let us remember something: fan is short for fanatic or fanaticism.

Sports fans are much like those with strong political leanings, although in my observations sports fans usually have a little bit more on the ball and they possess a greater knowledge of the facts involved.

But we need to remember something else as well: reporter is short for somebody with a job, a job that has to get done, often in a challenging environment.

When the journalist meets the village idiot, for all our sakes the journalist has to win.

And Samantha Rivera won. And it was a victory we all should appreciate. News and sports coverage remained that one degree smarter as a result of a professional doing her job and doing it well.

We were spared a black eye, a dose of ridicule, and a round of catcalls because Samantha Rivera stepped up to the plate and went to bat for herself and for all of us really, and she did it at hockey game.

A great moment has gone viral, everybody is covering it and CBS Miami has an exceptional story to tell. They even got to interview their own reporter, a reporter who was the story.

This is one of those times when a reporter making the news is a good thing.

No idiot is calling a colleague a reprehensible name and getting fired here.

A professional’s personal life is not sending their career over a cliff in this scenario.

This time the reporter is seen pushing back against wrongful interference and emerging victoriously.

No big fight, no injuries, no penalty box.

Of course, there is at least one mutant out there still looking for high-fives for the half-second of screen time his shoulder and a third of his face got.

A live shot is not a “free swim” for the moronic, that lesson was reinforced in of all places, Las Vegas.

Live coverage is fun because it’s challenging but what I think should be called to attention here is how well Samantha Rivera handled things and did the job all while keeping a “take no shit” attitude.

I believe it’s a good representative look for a reporter.

That’s the way it’s done, the way it needs to be done and all the praise this pro among pros is getting is just.

Samantha Rivera now has the only shot she will ever need for her reporter reel.

So, in this case, it was a good thing that what happened in Vegas did not stay in Vegas.

Subscribe To The BNM Rundown

The Top 8 News Media Stories of the Day, sent directly to your inbox every afternoon!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Continue Reading
Advertisement

Advertisement

BNM Writers

Copyright © 2023 Barrett Media.